https://www.taxtmi.com/caselaws?id=12046 Interest received on delayed payment of enhanced compensation is treated as a revenue receipt chargeable to tax under the Income-tax Act, following Supreme Court authority on interest under the Land Acquisition Act, 1894. The position is that such interest is taxable, and the challenge to deduction of tax at source does not succeed. The analysis also notes that section 194A was not applicable on the facts considered in the cited precedent, while recipients may claim spread over of the income for the relevant period for assessment purposes. en-us Tue, 16 Jul 2002 00:00:00 +0530 Tue, 16 Feb 2010 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12046 Interest received on delayed payment of enhanced compensation is treated as a revenue receipt chargeable to tax under the Income-tax Act, following Supreme Court authority on interest under the Land Acquisition Act, 1894. The position is that such interest is taxable, and the challenge to deduction of tax at source does not succeed. The analysis also notes that section 194A was not applicable on the facts considered in the cited precedent, while recipients may claim spread over of the income for the relevant period for assessment purposes. Case-Laws Income Tax Tue, 16 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12046